- Madison Metals (GREN) has announced plans for a normal course issuer bid (NCIB)
- The NCIB will be carried out through the facilities of the Canadian Securities Exchange
- Between October 28, 2022, to October 28, 2023, Madison may purchase up to 940,000 of its common shares
- The price Madison will pay for any such common shares will be the market price at the time of the acquisitions
- Madison Metals Inc. is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada
- Madison Metals Inc. was unchanged at $0.85 at 13:00 ET
Madison Metals (GREN) has announced plans for a normal course issuer bid (NCIB).
The NCIB will be carried out through the facilities of the Canadian Securities Exchange.
Madison may, between October 28, 2022, and October 28, 2023, purchase up to a total of approximately 940,000 of its common shares.
The volume of shares represents approximately 5 per cent of Madison’s current issued and outstanding common shares.
The price that Madison will pay for any such common shares will be the market price at the time of the acquisitions.
Madison is executing the NCIB because it believes that the market price of its common shares may not always fully reflect the underlying value of its business and future prospects and that the purchase of common shares would be a prudent use of funds.
Madison has retained Integral Wealth Securities Limited to coordinate and facilitate its purchases of common shares under the NCIB.
Purchases are expected to commence on October 28, 2022, and conclude on October 28, 2023.
During the last 12 months, Madison has not purchased any common shares under an NCIB.
Madison Metals Inc. is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada.
Madison Metals Inc. was unchanged at $0.85 at 13:00:19 ET.
